GMI announces an ongoing comprehensive report on the ammonium phosphates market. This report provides an exhaustive account of the industry including:
- Ammonium phosphates market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
- Major ammonium phosphates industry trends, technology evolution, economic indicators and business challenges
- Regulatory and geopolitical trends impacting the industry
- Business drivers and pitfalls impacting key regional markets
- Competitive landscape of the industry and detailed profiles of the major companies
To request a detailed table of contents (TOC) of this report, please click the link below: https://www.gminsights.com/request-toc/upcoming/3593
Increased use of ammonium phosphate in food processing applications will drive consumption for the substance over the coming years. Rapid growth in the food processing industry, particularly due to increasing demand for packaged food is one of the main factors fueling global ammonium phosphates market growth. The substance can be used as a suitable food additive during the production process. Convenience and long shelf life paired with a rising demand for ready-to-eat meals and frozen foods across dairy, bakery, and meat processing industries are expected to strengthen the industry position.
Ammonium polyphosphates market size will observe significant gains over the foreseeable years due to its extensive use in fertilizers. Polyphosphate-based fertilizers are used throughout the world and their impact on crop field is said to be more effective as opposed to other formulas. The demand for fertilizers will be upscaled by the progressively rising global food demand, eventually expanding the reach of ammonium polyphosphates market.
Europe ammonium phosphates market is likely to gain momentum in the following years, owing to the upturn in meat demand, requiring larger supplies for feed to match the rise in production. Reportedly, the European Union had produced more than 45.2 million tons of meat in 2017, demonstrating the tremendous need for efficient and safe animal feed solutions in the region. Increase meat production for domestic consumption and exports will certainly fuel ammonium phosphates industry in the region.
EU countries are considered among the leading producers of milk and feeding livestock is a vital process in ensuring the quality and volume of output is maintained. According to the EU agricultural outlook 2018-2030, the region is estimated to supply nearly 35% of the global demand for dairy products. Europe’s flourishing dairy industry will drive the demand for animal feed, thereby boosting the Europe ammonium phosphates market.
Industry leaders operating in the ammonium phosphates market comprise of Yara International, Coromandel, Haifa Chemical, Israel Chemical Ltd (ICL), CF Industries Holdings, United Phosphorus Limited Potash Corp. of Saskatchewan Inc., and others. Inclusion of ammonium phosphate in the list of permitted food additives across several nations will further reinforce the industry stance. Adoption of cleaner manufacturing processes to lower the impact on the environment will outline future developments in the market.
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